Lloyds Banking Group chief executive Antonio Horta-Osorio will call for banking reforms in a speech this evening.
In a speech to CBI Scotland, Mr Horta-Osório will say: "The industry must change. We must recast the banking model.”
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PM spokesman's comments come following reports that the EU is secretly drawing up plans for greater military cooperation across the EU.
The Labour politicians put their alleged differences aside to jointly highlight how remaining in the EU could help fight climate change.
Late sunshine here and there this evening - but more cloud for southern Scotland, northern England and Northern Ireland again.